Pot Stock Briefing

Nevada Cannabis Sales Top $195 Million

Sales figures are in for the state of Nevada. During the last six months of 2017, the state generated sales of $195 million. Tourism appears to be contributing to the strong sales. Las Vegas attracts over 40 million visitors every year.

Colorado & Washington Sales Exceed $1 Billion

Meanwhile – the states of Colorado and Washington – have allowed recreational sales of cannabis since 2014. Sales figures for the recent six-month period show $478 million for Washington state, and $581 million in Colorado. Combined, the two states had sales of over $1 billion.

Aurora Cannabis Raises C$230 Million

Aurora Cannabis just secured $230 million in new financing. The funds will help fund the acquisition of CanniMed. The company also plans to build a 1-million-square-foot cannabis production facility in Denmark.